Uploaded on Dec 21, 2020
The increasing government regulations regarding safety, along with growing instances of aviation accidents majorly drive the market growth. The increasing volume of air traffic and rising safety concerns, especially from the defense sector, have increased the demand for real-time fault management, predictive maintenance, performance monitoring, thereby supporting the growth of Aircraft health monitoring system industry.
Aircraft Health Monitoring System Market Worth $7.55 Billion by 2026
Aircraft Health Monitoring
System Market
Set to Exceed $7.55 Billion by 2026 | CAGR 3.6%
“Aircraft Health Monitoring Systems Market Share, Size,
Trends, & Industry Analysis Report By Aircraft Type (Wide-
Body Aircraft, Narrow-Body Aircraft, Regional Jets); By
Technology (Detection, Diagnostics, Prognostics, Adaptive
Control); By Fit; By Component; By End-User By Region:
Segment Forecast, 2018 - 2026”
Aircraft Health Monitoring System Market Estimate & Forecast to 2026
The global aircraft health monitoring system market size is anticipated to reach USD 7.55 billion by 2026,
according to a new research published by Polaris Market Research. In 2017, the hardware segment
dominated the global aircraft health monitoring system (AHMS) industry, in terms of revenue. North
America accounted for the majority share in the global market in 2017.
The increasing government regulations regarding safety, along with growing instances of aviation
accidents majorly drive the market growth. The increasing volume of air traffic and rising safety concerns,
especially from the defense sector, have increased the demand for real-time fault management, predictive
maintenance, performance monitoring, thereby supporting the growth of Aircraft health monitoring system
industry. Other factors driving the market growth include growing adoption of connected aircraft solutions,
growing need of automation and reduction in operation costs, technological advancements, and
increasing adoption of IOT. New emerging markets, upgradation and replacement of old aircraft with new
generation aircrafts, and significant investments in research and development would provide numerous
growth opportunities in the aircraft health monitoring system industry during the forecast period.
The aircraft health monitoring system is a collection of various tools and techniques which work together
to monitor the lifecycle of the aircraft parts. This technology is also able to predict when a particular part
or process might fail. Over-heating of engines, high vibrations, low oil pressure, hard landings are some
examples of situations that require investigation and attendance. The technology enables proactive
maintenance of the aircraft alonCgo pwyrigihtht © iPtosla reis nMagrkient eRe saeanrcdh &o Ctohnseulrti nign LtLrPi c20a18t.e A llp Raighrttss R.eserved 2
Aircraft Health Monitoring System Market Scope
By Component By Aircraft Type By Fit By Technology By End User By Region Report Attributes
Hardware Wide-Body Linefit Detection Commercial North America Historic year:
Software Aircraft Retrofit Diagnostics Defense Europe 2015-2016
Services Narrow-Body Prognostics Asia Pacific Base year: 2017
Aircraft Adaptive Latin America Forecast Year:
Regional Jets Control Middle East & 2018-2026
Others Africa Revenue ((USD
Billion)
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Aircraft Health Monitoring System Market Estimate & Forecast to 2026
North America is expected to dominate the global Aircraft health monitoring system market during the
forecast period. This is due to rising number of commercial aircrafts and increasing air traffic in the
region. Increasing safety concerns, and growing demand for safe travel experience boosts the aircraft
health monitoring system industry growth in the region. Presence of global players in this region taps
market potential and boosts the market growth. Increasing technological advancements and significant
investments in research and development for development of advanced aircraft health monitoring
solutions support the market growth in this region. The government regulations regarding aircraft safety,
increasing adoption of connected aircraft solutions, and upgradation of old aircrafts further supports
aircraft health monitoring solutions market growth.
The well-known companies profiled in the aircraft health monitoring systems report include Rolls-Royce
plc, Airbus S.A.S., Rockwell Collins, Ultra Electronics Holdings PLC, Boeing Company, Honeywell
International Inc., General Electric Company, RSL Electronics Ltd., Meggitt PLC, and Lufthansa Technik.
These companies launch new products and collaborate with other market leaders to innovate and launch
new products to meet the increasing needs and requirements of consumers.
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Aircraft Health Monitoring System Market Size
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specializes in providing exceptional market intelligence and in-depth business research services
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